CNet said it's reducing workforce by 5 percent

BambiFrancisco

CNet
CNET, +2.54%
confirmed Monday that it is laying off 5 percent of its workforce, or 80 employees. The online media company did not provide specifics as to what jobs would be cut, or when the staff reductions will take place. The company did not comment beyond restating its goal to reach operating profitability in the fourth quarter. The company is set to announce results on Jan. 30, after the close of market.

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